CT UK Capital &ome Investment Trust (LSE:CTUK) Beneish M-Score: -3.18 (As of Jun. 27, 2026)


LSE:CTUK CT UK Capital & Income Investment Trust PLC LSE:CTUK
54 GF Score
Price £3.51
GF Value £2.36
Valuation Significantly Overvalued
! 4 Warning Signs
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What is CT UK Capital &ome Investment Trust Beneish M-Score?

CT UK Capital &ome Investment Trust LSE:CTUK +0.29% 54 Beneish M-Score is -3.18 as of Jun. 27, 2026. GuruFocus rates LSE:CTUK with a GF Score™ of 54/100 and a GF Value™ of £2.36 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 954 Asset Management companies, CT UK Capital &ome Investment Trust ranks better than 85.95% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -3.18 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for CT UK Capital &ome Investment Trust's Beneish M-Score or its related term are showing as below:

LSE:CTUK' s Beneish M-Score Range Over the Past 10 Years
Min: -3.19   Med: -2.06   Max: 1.35
Current: -3.18

During the past 13 years, the highest Beneish M-Score of CT UK Capital &ome Investment Trust was 1.35. The lowest was -3.19. And the median was -2.06.

LSE:CTUK
54GF Score
CT UK Capital & Income Investment Trust PLC LSE:CTUK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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CT UK Capital &ome Investment Trust Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of CT UK Capital &ome Investment Trust for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1+0.528 * 1+0.404 * 1+0.892 * 0.3523+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 3.1544+4.679 * 0.023281-0.327 * 0.5673
=-3.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was £0.00 Mil.
Revenue was £19.90 Mil.
Gross Profit was £19.90 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £351.87 Mil.
Property, Plant and Equipment(Net PPE) was £0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.00 Mil.
Selling, General, & Admin. Expense(SGA) was £0.98 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £15.00 Mil.
Net Income was £18.87 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £10.68 Mil.
 Total Receivables was £0.00 Mil.
Revenue was £56.48 Mil.
Gross Profit was £56.48 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £372.60 Mil.
Property, Plant and Equipment(Net PPE) was £0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.00 Mil.
Selling, General, & Admin. Expense(SGA) was £0.88 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £28.00 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0 / 19.899) / (0 / 56.479)
=0 / 0
=1

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(56.479 / 56.479) / (19.899 / 19.899)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 0) / 351.871) / (1 - (0 + 0) / 372.599)
=1 / 1
=1

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=19.899 / 56.479
=0.3523

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0 / (0 + 0)) / (0 / (0 + 0))
= /
=1

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0.978 / 19.899) / (0.88 / 56.479)
=0.049148 / 0.015581
=3.1544

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((15 + 0) / 351.871) / ((28 + 0) / 372.599)
=0.042629 / 0.075148
=0.5673

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(18.869 - 0 - 10.677) / 351.871
=0.023281

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

CT UK Capital &ome Investment Trust has a M-score of -3.18 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -3.18 mean?
CT UK Capital &ome Investment Trust (LSE:CTUK) has a Beneish M-Score of -3.18 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CT UK Capital &ome Investment Trust and its competitors. According to the industry distribution chart, CT UK Capital &ome Investment Trust ranks #134 out of 954 companies in the Asset Management industry, placing it in the top 14%.
Is CT UK Capital &ome Investment Trust's Beneish M-Score too high?
CT UK Capital &ome Investment Trust's current Beneish M-Score is -3.18. Based on the distribution chart, CT UK Capital &ome Investment Trust ranks #134 out of 954 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, CT UK Capital &ome Investment Trust has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CT UK Capital &ome Investment Trust's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, CT UK Capital &ome Investment Trust ranks #134 out of 954 companies for Beneish M-Score. This places CT UK Capital &ome Investment Trust in the top 14% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for an Asset Management company?
A good Beneish M-Score depends on the Asset Management industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CT UK Capital &ome Investment Trust and its competitors. CT UK Capital &ome Investment Trust's current Beneish M-Score is -3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CT UK Capital &ome Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, CT UK Capital &ome Investment Trust (LSE:CTUK) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.36, compared to a current price of £3.51 — trading 48.7% above its estimated fair value. The current Beneish M-Score is -3.18. CT UK Capital &ome Investment Trust's overall GF Score™ is 54/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For CT UK Capital &ome Investment Trust (LSE:CTUK), the current Beneish M-Score is -3.18 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CT UK Capital &ome Investment Trust (LSE:CTUK) Overvalued in 2026?

Based on GuruFocus' analysis, CT UK Capital &ome Investment Trust stock appears to be overvalued. The current stock price of £3.51 is trading 48.7% above its estimated GF Value™ of £2.36. GuruFocus considers CT UK Capital &ome Investment Trust to be Significantly Overvalued.

Key valuation signals for LSE:CTUK:

  • Beneish M-Score: -3.18
  • GF Value™: £2.36 vs. price of £3.51 (48.7% above fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the LSE:CTUK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CT UK Capital &ome Investment Trust Business Description

Address 78 Cannon Street, Cannon Place, London, GBR, EC4N 6AG
CT UK Capital & Income Investment Trust PLC is an investment company. The Company's activities comprise a single operating segment, which is investing in the UK, USA, and Europe in equities to secure long-term growth in income and capital The company's investment objective is to secure long-term capital and income growth from a portfolio consisting mainly of FTSE All-Share companies. It invests in companies that have long-term prospects with attractive returns on invested capital. The majority of the company's holdings are in large and mid-cap companies, with a smaller percentage invested in smaller and overseas companies.
54GF Score

Get the complete analysis for LSE:CTUK

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£3.51
Price
£2.36
GF Value